
2016-Afternoon Session-BRK Annual Shareholders Meeting
Berkshire Hathaway Annual Shareholder Meetings (since 1994)
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BNSF Is a Capital Intensity Business
Berkshire's figures actually are on the conservative side in relation to real economic earnings but that's not true at any railroad. So there is an additional expense at BNSF that is not reflected in the figures. We also have a lot of intangible expenses at some other businesses that aren't real expenses. And we've also had something called positive train control which amongst a lot of money for the industry.
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